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bo.N is PAGE Jab ® GO 3 <br />Economic Development Director Bob HCnts gave a presentation concerning the <br />Industrial Park expansion between Colon Road and the current Industrial Park. <br />The Board recessed for lunch at 12:00 noon. <br />Upon returning at 1:00 p.m. with all members present except Commissioner <br />Reives, the meeting resumed. <br />Economic Development Director Bob Heuts, who is also Chairman of the <br />Citizens Advisory Committee for Education Facilities discussed issues concerning that <br />committee. <br />County Manager William Cowan discussed the Capital Improvements Program <br />(CIP) for FY 2001/2002 - 2005/2006. <br />The Board considered a proposed joint resolution between the County of Lee and <br />the Lee County Board of Education concerning the tax revenue allocation for the <br />upcoming year. After some discussion, Commissioner Lenunond moved to approve the <br />joint resolution at thirty-four cents (34¢) per one hundred dollars ($100.00) of valuation <br />to the ad valorem tax base of the County for a three-year period beginning with the <br />2001-2002 fiscal year. Upon a vote, the results were as follows: <br />Aye: Adams, Hincks, Lemmond, Matthews, Paschal, and Sauls <br />Nay: None <br />Absent: Reives <br />The Chairman ruled the motion had been adopted unanimously. <br />Finance Director Lisa Minter and County Manager William Cowan discussed the <br />Fund Balance. Mrs. Minter told the Board that the County must maintain a minimum of <br />eight per-cent (8%) in the General Fund and currently the County has twenty-four per- <br />cent (241/0) in this account. After some discussion, the Board agreed by consensus to <br />maintain a minimum of nineteen per-cent (19%) in the Fund Balance account. <br />County Manager William Cowan and Finance Director Lisa Minter discussed <br />revenue projections from the General Fund. Mr. Cowan gave the Board an overview of <br />the proposed expenditures For FY 2001-2002 which outlined operation expenses, non- <br />departmental expenses, and capital outlay. He told the Board that currently Lee County <br />spends 11.81 cents of it's tax rate for debt service. The general consensus of the Board <br />was to not change the debt service but leave as it currently is. <br />Commissioners held a brief open discussion period where various matters were <br />discussed. Commissioner Adams discussed a proposed "sticker" base system to be used <br />at the Lee County Convenience Centers. I-le asked the Board to review and study a <br />3 <br />